McEwen Mining (TSE:MUX) Share Price Crosses Above 50 Day Moving Average – Here’s Why

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$30.29 and traded as high as C$36.84. McEwen Mining shares last traded at C$33.75, with a volume of 113,731 shares trading hands.

McEwen Mining Stock Down 9.0%

The company has a debt-to-equity ratio of 8.46, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market cap of C$2.00 billion, a price-to-earnings ratio of -146.74 and a beta of 1.81. The business has a fifty day moving average of C$30.29 and a 200 day moving average of C$24.46.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$70.36 million for the quarter. McEwen Mining had a return on equity of 20.89% and a net margin of 51.59%. On average, equities analysts predict that McEwen Mining Inc will post 0.0677185 earnings per share for the current year.

About McEwen Mining

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.